In the fallout of FTX, BlockFi and many other firms going bankrupt, we address one of the biggest concerns circulating in crypto right now: will firms be forced to liquidate large amounts of Bitcoin and other cryptocurrencies to pay debts?
From Michael Saylor at Microstrategy to FTX to BlockFi, people are wondering what other potential dominoes could fall in the crypto industry.
At the moment, Saylor seems to be safe. I don't personally see him getting liquidated anytime soon. Other companies are already going under though.
News broke that FTX didn't even have BTC. They tried liquidating some Wrapped BTC but the Oracles wouldn't let them. Companies like BlockFi had all their assets on FTX, so those also appear untouchable.
In this clip, we talk about how we think most of the pain is already in and crypto might turn bullish again.
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